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Jan 24, 2025

Q4 2024 | Software Benchmark Report: Europe trails as US valuations continue to lead the way

Welcome to the latest edition of the Silverpeak benchmark report – a review of public software company valuation and operating metrics in the US and Europe.

We review median values to produce a robust industry reference benchmark. We screen US and European publicly listed software companies using the S&P Capital IQ database. Our insights and conclusions are derived from this S&P dataset, which consists of 571 companies.

Key findings:

  • US had the highest regional EV/Revenue growth across this quarter, with an 11% increase
  • The industrials sector achieved a 19% rise in its EV/Revenue multiple
  • Despite strong growth in the subsets UK, Nordics and DACH, the EV/Revenue multiple for Europe overall, declined by 2%

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